Bank First Corporation (NASDAQ: BFC) reported net income of $23.8 million, or $2.15 per share, for the third quarter of 2026. This represents an increase compared to the prior-year third quarter of 2025, when the company reported net income of $18.0 million, or $1.83 per share. For the nine months ended September 30, 2026, the company earned $68.5 million, or $6.14 per share, compared to $53.1 million, or $5.36 per share, for the same period in 2025.
Adjusted net income, which removes the impact of acquisition expenses and certain asset sales, was $26.1 million, or $2.35 per share, for the third quarter of 2026. For the year-to-date period, adjusted net income was $78.5 million, or $7.04 per share.
The company’s total assets grew to $5.95 billion as of September 30, 2026, an increase of $1.44 billion from December 31, 2025. This growth was driven by the acquisition of Centre 1 Bancorp, Inc., which added approximately $1.48 billion in assets on January 1, 2026. Total loans stood at $4.60 billion, up $991.2 million from the prior year-end, while total deposits reached $5.00 billion, up $1.31 billion.
Net interest income for the third quarter was $55.2 million, and the net interest margin was 4.07%. Noninterest income totaled $10.1 million, with trust and wealth management income contributing $1.6 million. Noninterest expenses were $34.7 million, largely driven by acquisition-related costs.
Bank First’s Board of Directors declared a quarterly cash dividend of $0.65 per common share. This represents an increase of $0.05 per share, or 8.3%, from the previous quarter and an increase of $0.20 per share, or 44.4%, from the prior-year third quarter. The dividend is payable on January 6, 2027, to shareholders of record as of December 23, 2026.
